Monetary Policy

Executive Summary: Hong Kong (HK) adopted the Linked Exchange Rate (LER) system in 1983, and it has been operating successfully for more than three decades. However, the maintenance costs for the LER system have grown exorbitantly and [ … ]

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Summary: The People’s Bank of China (PBOC) has reportedly injected RMB 400 billion into the banking system, according to Wallstreet.cn. The PBOC has declined to comment. Why It Matters: The article suggests that the central bank secretly [ … ]